Works two ways and a deeper layer exists.
Those who host major marketing events tend to be the bigger players. And they call or theme their events around "summit" "peak" "10x" etc.
This name theme...
The big marketing experts like a Ryan Deiss or a Russell Brunson - they resemble a wizard behind the success expert curtain.
They sell...
Success experts believe "model your heroes!!" w/o any critical thinking.
So they name their events Summits, or with the same themes. Thinking it's positioning...
We copywriters call both events: Cattle Calls.
Even that guru looking to "empower you with actionable strategies never released before!!!" calls them a Cattle Call.
Cattle Call?
Charge a bunch of people to attend an event.
Then pitch them...
Some try rousing motivation - a heartfelt journey...
This is a Tony Robbins template laced with Cold Reading. Tune into the audience with Barnum effects & more.
Tony, IMO is a mediocre Cold Reader but knows motivation.
Then try a scarcity/comparison close...
The marketing events are calculated. An incredible display of sales methods down to where the products are located and the pitch order.
The success experts...
And the goal: DRIVE sales.
Attendees pay a few grand to get pitched.
It's like buying a car, but you pay the salesman to pitch you...
In short, when you see Summit or 10x etc. it's a red flag...